Chinese drone developer Ghost, aka Ehang, announced today US$10 million in Series A funding led by GGV Capital and joined by PreAngel. The angel investments received earlier this year were from LeBox Capital and Xu Xiaoping (co-founder of venture capital fund ZhenFund), according to the company.
Ghost has also raised more than US$645,000 on crowdfunding site Indiegogo and RMB370,000 (about US$60,000) on Chinese crowdfunding site Demohour.
Its first drone was launched in May this year. The company promises to ship products from next month (January 2015). Similar to AR. Drone, Ghost drone can be controlled with mobile apps (iOS and Android). Ghost is targeting at both China and U.S. markets. It’s competitors in China’s drone market include DJI.